OML-TSX VENTURE
CERRITOS, CA,
Jan. 25, 2013 /CNW/ - Omni-Lite
Industries is pleased to announce that it has received several new
orders since the last press release of December 11, 2012. The total value of these
orders is approximately $832,000 US.
Of these new orders, approximately 81 percent are in the Specialty
Automotive division, 17 percent are in the Aerospace division and 2
percent are in the Sports and Recreation division.
"In the last six months, the Company has seen
rapid growth in the sales booked in both the Aerospace and
Specialty Automotive divisions. In both divisions, annual growth is
expected to exceed 25% in 2013. In the Aerospace division, these
increased sales are directly related to the increased number of
commercial aircraft scheduled for delivery in the next few years.
On the automotive side, the increased sales volumes can be
attributed to the importance of green technologies in the diesel
engine marketplace and the introduction, by Omni-Lite, of new
components to support the automotive brake industry," stated
Allen W. Maxin, President. "In
the Military division, the Company is making rapid progress on the
final development of two military components utilizing the new
patent pending OD PLUS technology introduced in late 2012. The
Company expects to submit one component for first article approval
in early February and the other for first article approval in late
February."
Omni-Lite Industries Canada Inc. is also pleased
to announce that revenues for fiscal 2012 were approximately
$5,370,000 US ($5,351,850 CAD).
Omni-Lite Industries Canada Inc. is a rapidly
growing high technology company that develops and manufactures
precision components utilized by several Fortune 500 Companies
including Boeing, Airbus, Alcoa, Ford, Caterpillar, Borg Warner, Chrysler, the U.S. Military, Nike,
and adidas.
Except for historical information contained
herein, this document contains forward-looking statements. These
statements contain known and unknown risks and uncertainties that
may cause the Company's actual results or outcomes to be materially
different from those anticipated and discussed herein.
THE TSX-VENTURE EXCHANGE NEITHER APPROVES NOR
DISAPPROVES OF THE INFORMATION CONTAINED HEREIN.
SOURCE Omni-Lite Industries Canada Inc.